Korea Midland Power announced on Feb. 24 that renewable energy-based power generation would account for 30 percent of its total power generation in 2030, and it would lead energy source transformation by leading the development of the hydrogen economy.

The state-run power company is taking part in various renewable energy R&D projects. The examples include the wind power generation system improvement and green hydrogen technology development that it started in 2017 with the eight organizations and companies including Suso Energen and G-Philos. After four years of R&D, they succeeded in producing green hydrogen from wind power in Jeju in December last year.

“In Jeju, renewable energy-based power generation currently accounts for more than 42 percent of the regional power supply and there have been some cases where the produced electricity exceeds the power demand depending on weather and seasonal factors and the underutilization leads to system instability,” Korea Midland Power explained, adding, “Our power-to-gas green hydrogen production technology can become a solution to the imbalance.”

The company’s innovative technology for converting wind power-based electricity to hydrogen and storing the hydrogen is contributing to energy supply transformation based on renewable sources and green hydrogen. In addition, it is expected to contribute to the realization of carbon-free Jeju and replacement of imported energy.

This article is reproduced at www.businesskorea.co.kr